Wall Street’s Wild Thursday Ride


U.S. financial markets saw a rollercoaster day of activity on Wall Street Thursday, as the Dow Jones Industrial Average climbed 85.54 points, to 21,796.55, and the Nasdaq Composite dipped 40.56, to 6,382.19.

Among the key media industry stocks making moves was Sirius XM, which finished the day at a five-year high of $5.83, thanks to an 8.2% gain fueled by a strong Q2 performance.

Also buoyed by a positive Q2 was Nielsen, which grew 3.4%, to $41.23.

Some radio stocks weren’t immune to the positive momentum on Wall Street. Entercom gained 4.6%, to $10.30, while Saga Communications won back another 1.3% after a shaky start to the week, finishing at $40.10.

CBS Corp. also saw positive movement, rising 1.4%, to $67.56 on word that its Board of Directors has approved a quarterly dividend on the company’s stock of $.18 per share. The dividend is payable on Oct. 1 to shareholders of record on Sept. 8.

Decliners of note include Twitter, which released Q2 results showing zero growth in its user numbers. That sent shares sliding 14.1%, to $16.84.

For a complete look at today’s activity on Wall Street, visit the Wall Street Report on the homepage of RBR.com.